Property profile

550 Long Point Rd Mt Pleasant, SC 29464

FOR LEASE
Office buildings
Property ID
US77-0842410
9,148 SF 2.01 ac lot Built 1999
Entity Owned 15-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A office building, located at 550 Long Point Rd in Mount Pleasant, SC, offers 20,560 square feet of prime executive office space. Currently, 10,280 square feet is available, divisible into units as small as 4,740 square feet and up to a contiguous 5,540 square feet. Built in 1996, the property boasts 112 on-site parking spaces (a 5.5/1,000 SF ratio). The building features a mix of glass-fronted offices, private offices, high ceilings, and open floor plans. The first floor is ideal for a full-floor tenant, complete with a kitchen, conference rooms, a private shower, and a central reception area off the building lobby. Building signage is available, and the landlord is open to renovations or subdividing the space to meet tenant needs. The property enjoys a highly convenient location just off I-526, with close proximity to Highway 17 North, approximately 5 miles to I-26, and within a 10-15 minute drive of Daniel Island and the Cain Hoy area. Numerous amenities are nearby, including restaurants, fitness centers, and shopping at Belle Hall Shopping Center. The SC Ports Authority HQ and Wando Welch Terminal are less than 2 miles away. The building is surrounded by upscale neighborhoods and is conveniently located near medical facilities, including Atria Assisted Living (next door), East Cooper Medical Center (2.8 miles), and Roper Saint Francis (approximately 8 miles).

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Total area 9,148 SF
Lot 2.01 ac (87,556 SF)
APN 537-00-00-022
UPID US77-0842410

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

550 Long Point Rd Mt Pleasant, SC 29464
Mt Pleasant metro Census 4613 CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.86M
Blend (final) Blend
$4.86M

Owner & transaction history

since 2010
6 recorded transactions
2021
Price N/A
2010
$2.3M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $7.4M +53.0%
Commercial (general) $5.3M +9.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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